US and China should stay clear-eyed on AI cooperation and competition, Scott Bessent says

The United States and China should harbor no illusions about their differences on artificial intelligence as they navigate cooperation to mitigate the technology’s risks while competing for AI supremacy, US Treasury Secretary Scott Bessent said on Tuesday.

Bessent, who will travel to China next week for US President Donald Trump’s third meeting this year with Chinese President Xi Jinping, said in prepared remarks to the National Committee on US-China Relations in New York that he wanted to “build a constructive relationship on the basis of balance and reciprocity.”